Fossil Vice Chairman Quick to retire from post

RICHARDSON, Texas -- Fossil says Vice Chairman Mark Quick will retire from his post later this month and become a member of the board.

Quick has served as vice chairman since January 2007. The watch and accessories company said Tuesday that his responsibilities as vice chairman will be assigned to other senior executives.

Quick's retirement from the vice chairman position is effective on Oct. 26, at which point he will become a director. This will bring Fossil Inc.'s board to 12 members.

Shares of the Richardson, Texas company slipped 16 cents to $86.50 in morning trading. They are up from a 52-week low of $62.77 in mid-July. They traded as high as $139.20 in early April.